Stocks in news: ZEE, Asian Paints, NTPC, Tanla Platforms, Hyundai Motor
Despite geopolitical tensions, the market rose, driven by large-cap stocks as investors focused on long-term fundamentals. ZEE approved a preferential warrant issuance, while Reliance Industries sold shares in Asian Paints. Other key developments ...
By ETMarkets.com |
ETMarkets.com
NTPC will consider fund raising up to Rs 18,000 crore via bonds on June 21
Despite ongoing geopolitical tensions between Israel and Iran, the market moved higher on Monday, supported by gains in large-cap stocks, as investors maintained their focus on long-term fundamentals in the time of volatile situations. In today's trade, shares of ZEE, Asian Paints, NTPC, Tanla Platforms, Hyundai Motor among others will be in focus due to various news developments.
ZEE
The Board of Directors of Zee Entertainment Enterprises (ZEE) has approved the issuance of up to 16.95 crore fully convertible warrants to promoter group entities on a preferential basis at Rs 132 per warrant, raising a total of Rs 2,237.44 crore.
Bata India
The Bata Group announced the appointment of Panos Mytaros as its new global chief executive officer, succeeding Sandeep Kataria, who has led the group since 2020.
ICICI Bank
The Reserve Bank approved the extension of the term of Sandeep Batra as executive director (ED) of ICICI Bank for two years.
Asian Paints
Mukesh Ambani-led Reliance Industries (RIL) sold 85 lakh shares in India's largest paint company Asian Paints via a block deal which was worth Rs 1,876 crore.
Sona BLW Precision Chairman Sunjay Kapur passes away. The Board will meet in due course to elect a new chairman of the board.
Jindal Steel
Jindal Steel and Power board approved the change in company’s name from ‘Jindal Steel and Power’ to 'Jindal Steel'
Biocon
Biocon launched its qualified institutional placement (QIP) issue to raise Rs 4,500 crore, with the floor price set at Rs 340.20 per share, as per the pricing formula under Sebi regulations.
Jet Airways
Jet Airways in view of the ongoing liquidation proceedings said financial statements for FY24 and FY25 are yet to be finalised.
Tanla Platforms board approved buyback of 20 lakh shares (1.49% equity) worth Rs 175 crore at Rs 875 per share via tender offer route.
Macrotech Developers
Macrotech Developers rebranded itself as Lodha Developers effective June 16 after Ministry of Corporate Affairs (MCA) approval.
NTPC will consider fund raising up to Rs 18,000 crore via bonds on June 21
Hyundai Motor
Hyundai Motor India started the production of passenger vehicles engines at Maharashtra’s Talegaon Plant from June 16
ZEE
The Board of Directors of Zee Entertainment Enterprises (ZEE) has approved the issuance of up to 16.95 crore fully convertible warrants to promoter group entities on a preferential basis at Rs 132 per warrant, raising a total of Rs 2,237.44 crore.
Bata India
The Bata Group announced the appointment of Panos Mytaros as its new global chief executive officer, succeeding Sandeep Kataria, who has led the group since 2020.
ICICI Bank
The Reserve Bank approved the extension of the term of Sandeep Batra as executive director (ED) of ICICI Bank for two years.
Asian Paints
Mukesh Ambani-led Reliance Industries (RIL) sold 85 lakh shares in India's largest paint company Asian Paints via a block deal which was worth Rs 1,876 crore.
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Sona BLW PrecisionSona BLW Precision Chairman Sunjay Kapur passes away. The Board will meet in due course to elect a new chairman of the board.
Jindal Steel
Jindal Steel and Power board approved the change in company’s name from ‘Jindal Steel and Power’ to 'Jindal Steel'
Biocon
Biocon launched its qualified institutional placement (QIP) issue to raise Rs 4,500 crore, with the floor price set at Rs 340.20 per share, as per the pricing formula under Sebi regulations.
Jet Airways
Jet Airways in view of the ongoing liquidation proceedings said financial statements for FY24 and FY25 are yet to be finalised.
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Tanla PlatformsTanla Platforms board approved buyback of 20 lakh shares (1.49% equity) worth Rs 175 crore at Rs 875 per share via tender offer route.
Macrotech Developers
Macrotech Developers rebranded itself as Lodha Developers effective June 16 after Ministry of Corporate Affairs (MCA) approval.
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NTPCNTPC will consider fund raising up to Rs 18,000 crore via bonds on June 21
Hyundai Motor
Hyundai Motor India started the production of passenger vehicles engines at Maharashtra’s Talegaon Plant from June 16
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